Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Pass Below 200-Day Moving Average of $59.55

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.55 and traded as low as $45.75. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $47.55, with a volume of 2,743,315 shares.

The company’s 50 day moving average price is $48.97 and its 200-day moving average price is $59.49.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUGT. E Fund Management Co. Ltd. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter worth approximately $620,000. Renaissance Technologies LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at $2,444,000. Optiver Holding B.V. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at $5,453,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at $384,000. Finally, HRT Financial LP boosted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 266.3% in the 1st quarter. HRT Financial LP now owns 148,988 shares of the exchange traded fund’s stock valued at $8,128,000 after purchasing an additional 108,314 shares during the period.

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